Laredo Petroleum, Inc Has Bullish Trade, John H. Scully’s Spo Advisory Corp Bought Stake!

February 15, 2018 - By Vivian Park

 Laredo Petroleum, Inc Has Bullish Trade, John H. Scully's Spo Advisory Corp Bought Stake!

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.26, from 0.94 in 2017Q2. It increased, as 23 investors sold Laredo Petroleum, Inc. shares while 41 reduced holdings. 20 funds opened positions while 57 raised stakes. 254.15 million shares or 0.31% more from 253.36 million shares in 2017Q2 were reported.

Jefferies Grp Inc Limited Com reported 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). Dimensional Fund Advsrs Lp holds 0.02% or 3.52 million shares in its portfolio. Tortoise Capital Advisors Limited Com holds 356,976 shares. Tiaa Cref Investment Mgmt Ltd Liability Corp holds 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 394,203 shares. Connecticut-based Cubist Systematic Strategies Limited has invested 0.02% in Laredo Petroleum, Inc. (NYSE:LPI). Van Eck Associate holds 0.27% or 4.05M shares in its portfolio. Sg Americas Securities Ltd Limited Liability Company has invested 0.01% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI). State Street Corporation has 0.01% invested in Laredo Petroleum, Inc. (NYSE:LPI). Fil Limited accumulated 104,600 shares. Magnetar Ltd Limited Liability Company stated it has 55,721 shares or 0.02% of all its holdings. Parallax Volatility Advisers Lp stated it has 297 shares or 0% of all its holdings. Jennison Assocs Lc has 0.03% invested in Laredo Petroleum, Inc. (NYSE:LPI). Systematic Limited Partnership holds 28,880 shares or 0.01% of its portfolio. Cardinal Capital Llc Ct owns 1.72 million shares or 0.92% of their US portfolio. Moreover, Teacher Retirement Systems Of Texas has 0% invested in Laredo Petroleum, Inc. (NYSE:LPI).

The New John H. Scully’s Spo Advisory Corp Holding in Laredo Petroleum, Inc

Spo Advisory Corp reported SC 13G/A form with the SEC for Laredo Petroleum, Inc. Access it here: 000089183618000021. As reported by John H. Scully’s Spo Advisory Corp, the filler owns 8.8% or 21,408,805 shares of the Energy–company.

Laredo Petroleum, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows John H. Scully’s Spo Advisory Corp’s positive view for Laredo Petroleum, Inc.

The hedge fund is investor in the Energy sector. In the manager’s last 13-F, we saw 9% of John H. Scully’s Spo Advisory Corp’s portfolio is in the sector.

Laredo Petroleum, Inc Institutional Sentiment

Filings show 157 investors own Laredo Petroleum, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 6464730. 232728503 were owned by these investors. 24 funds opened new Laredo Petroleum, Inc stakes, 59 increased positions. There were 38 that closed positions and 51 reduced them.

6 investors had the stock in their top 10. Some are: Warburg Pincus Llc, Sailingstone Capital Partners Llc, Columbia Pacific Advisors Llc, Encompass Capital Advisors Llc, Spo Advisory Corp, Ws Management Lllp..

Caymus Capital Partners Lp is an investor bullish on Laredo Petroleum, Inc, owning 2569700 shares as of Q3 2015 for 4.91% of its portfolio. Todd J. Kantor Encompass Capital Advisors Llc owns 2420600 shares or 4.24% of its portfolio. CA Sailingstone Capital Partners Llc have 8.29% of its portfolio for 28572601 shares. Further, Astenbeck Capital Management Llc reported stake worth 2.28% of its portfolio. The NY Warburg Pincus Llc owns 87670127 shares. Laredo Petroleum, Inc is 10.40% of its portfolio.

Business Profile

Laredo Petroleum, Inc. (Laredo) is an independent energy company. The Company is focused on the acquisition, exploration and development of oil and natural gas properties, and the transportation of oil and natural gas from such properties primarily in the Permian Basin in West Texas. It operates through two segments: Exploration and production of oil and natural gas properties, and Midstream and marketing. The exploration and production of oil and natural gas properties are conducted by it through the exploration and development of its acreage in the Permian Basin. As of December 31, 2016, it had assembled 127,847 net acres in the Permian Basin and had total proved reserves, presented on a three-stream basis, of 167,100 thousand of barrels of oil equivalent (MBOE). The Midstream and marketing segment’s operations are conducted by its subsidiary, Laredo Midstream Services, LLC, which buys, sells, gathers and transports oil, natural gas and water primarily for the account of Laredo.

SEC Form 13G.

Analysts await Laredo Petroleum, Inc. (NYSE:LPI) to report earnings on February, 21. They expect $0.18 earnings per share, up 12.50 % or $0.02 from last year’s $0.16 per share. LPI’s profit will be $43.09 million for 11.47 P/E if the $0.18 EPS becomes a reality. After $0.13 actual earnings per share reported by Laredo Petroleum, Inc. for the previous quarter, Wall Street now forecasts 38.46 % EPS growth.

The stock increased 4.10% or $0.325 during the last trading session, reaching $8.255. About 6.37 million shares traded or 113.98% up from the average. Laredo Petroleum, Inc. (NYSE:LPI) has risen 17.65% since February 15, 2017 and is uptrending. It has outperformed by 0.95% the S&P500.

Laredo Petroleum, Inc. operates as an independent energy firm in the United States. The company has market cap of $1.98 billion. It operates through two divisions, Exploration and Production of Oil and Natural Gas Properties; and Midstream and Marketing. It has a 16.85 P/E ratio. It focuses on the acquisition, exploration, and development of oil and natural gas properties; and the transportation of oil and natural gas primarily in the Permian Basin in West Texas, as well as rig fuel, natural gas lift, and water delivery and takeaway services.

Laredo Petroleum, Inc. (NYSE:LPI) Ratings Coverage

Among 34 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 14 have Buy rating, 3 Sell and 17 Hold. Therefore 41% are positive. Laredo Petroleum Holdings Inc has $18.75 highest and $6 lowest target. $12.48’s average target is 51.18% above currents $8.255 stock price. Laredo Petroleum Holdings Inc had 98 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, July 13 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was downgraded by KLR Group on Thursday, October 15 to “Reduce”. The rating was maintained by BMO Capital Markets on Monday, June 26 with “Hold”. Deutsche Bank initiated it with “Hold” rating and $12 target in Wednesday, December 2 report. The rating was downgraded by Seaport Global to “Neutral” on Wednesday, June 21. On Thursday, March 23 the stock rating was initiated by UBS with “Neutral”. PiperJaffray maintained the stock with “Overweight” rating in Monday, September 18 report. The stock of Laredo Petroleum, Inc. (NYSE:LPI) earned “Hold” rating by Cowen & Co on Friday, September 15. Cowen & Co initiated the stock with “Market Perform” rating in Wednesday, December 9 report. The stock of Laredo Petroleum, Inc. (NYSE:LPI) earned “In-Line” rating by Imperial Capital on Thursday, May 26.

More important recent Laredo Petroleum, Inc. (NYSE:LPI) news were published by: Fool.com which released: “Here’s Why Laredo Petroleum Inc’s Stock Is Sinking Today” on January 25, 2018, also Globenewswire.com published article titled: “Laredo Petroleum Announces 2017 Fourth-Quarter and Full-Year Financial and …”, Globenewswire.com published: “Laredo Petroleum Announces Management Transition” on February 05, 2018. More interesting news about Laredo Petroleum, Inc. (NYSE:LPI) was released by: Globenewswire.com and their article: “Laredo Petroleum Announces $200 Million Share Repurchase Program” with publication date: February 14, 2018.

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